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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Metals & Mining Industrial Metals & Minerals
Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Cantex Mine Development Corp > Cantex’s narrow veins deposit
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Comment by pennymaker69on Nov 01, 2024 8:02pm
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Post# 36293243

RE:Cantex’s narrow veins deposit

RE:Cantex’s narrow veins deposit
Oregonduck wrote: There were drill intercepts that returned variable grades with some returned zero hits. The narrow widths deposit is hosted by thin sheets of Zn/Pb/Ag ore. It appears recovery is uneconomic as stated by Management in its latest April 30th financial report.

To wit:
"...The grade of narrow vein deposits can be highly variable along strike and down dip. Some sections of the vein may contain high-grade ore shoots where concentrations are economically viable, while others may have lower grades or even barren zones.  Due to their challenges, these deposits often prove uneconomic to mine ...and are often left unmined. Open-pit mining generates significant waste and uneconomic strip ratios, while selective underground methods require costly infrastructure that quickly erode project returns."



read your own quote..

Some sections of the vein may contain high-grade ore shoots where concentrations are economically viable,
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